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Randgold Share Discussion Threads
Showing 6626 to 6650 of 6650 messages
|Good post hpcg.
Well reasoned, a relief from the rubbish from the nutter banging on, ad nauseam, about gold heading to $3000.|
|I can't see gold going to all time highs in the next two years. Gold's run up followed years of declining inflation and interest rates. Now more of the world is talking fiscal stimulus and higher rates. Gold looks poor in comparison with a US treasury auction offering 2,3,4,5% yield. Even if one has a long term deflationary view, with higher rates being a short term phenomenon, one can still purchase these with confidence knowing that if yields go lower again, or QE happens again, one can collect on the capital appreciation. It certainly looks poor in comparison with inflation protected treasuries.
IMO gold has made its top for a long time to come I think. We'll know the bottom is in when gold miners start forward selling years ahead!|
|I can't see it going much above around 21,500 personally.
One thing is for sure though, gold is tremendously undervalued given what's in store.|
|You will be saying that when the dow hits 30,000 points!|
|There are many reasons why gold will make new all-time highs within the next couple of years.
One of them is staring us in the face now, the rampant exuberance displayed by the Dow Jones Index, which will surely push past 20,000 by xmas.
Eventually, the overvaluations will blow out in a severe correction.
Also, when Trump starts his expansionary programme inflation will then respond, but the Fed won't be jacking up interest rates as much as people think, because an overstrong dollar will wreak havoc with US companies and exporters.
A perfect storm is brewing for gold, despite the recent price falls. I would imagine the Chinese and Russians are scooping up as much of the stuff as they can at these levels.|
|It's very simple here - and I'm not talking about the trolls - if you believe the gold story, if you believe gold will make all-time highs within the next two years, and adjusted for inflation that would be around $3,000 then just continue to accumulate RRS shares and put money into the physical.
If you don't believe that gold will make new all-time highs then seek your fortune elsewhere.|
|I'm Out With A Modest Profit !|
|Thats me out of the trade failed 56.50 for second time :-)|
|Professor Pettigrew (RRS) 5 Dec '16 - 01:04
What a bargain gold is at $1180 spot.
Just bought 200 ounces at $1188.
So, an imaginary $4600 loss in less than a day.... thank goodness for fairy stories.|
|For The Record I've Been Accumulating This Morning !|
|gold edging higher needs to break 11.70 and RRS needs to get above 56.50 good tussle going on between the bulls and bears, could be somebody wants some and a buy being worked?|
|Thanks HP ..useful post|
|You haven't factored in the start of Shariah-compliant physical gold trading from December 31st.
Aside from that, a most interesting post.|
|Now looking like gold will at a minimum retest the 1050 USD area. There is negligible support between here and there - possibly the 1105-1107 area? So this is heading back to 4000*, maybe worse as the operational news has been poor in the last 12 months. That is only circa 25% down from here so hardly an epic drop. I'm sure all of you easing money in will keep doing that - every seller has a buyer by definition.
Possibly some Elliot Wave followers would have gold to go lower. I don't really follow that discipline though I acknowledge the nature of the way markets operate in waves of enthusiasm and retracement. 200 monthly average is around and about 1000 USD, so that is a potential target.
*60 USD for the New York listing (ticker GOLD) is probably more reliable a target than the London listing price which also required Sterling to recover against the dollar. I have worse than no opinion on Sterling direction; I really have no idea what the future holds against yen, dollars or the euro. Italy and Greece dropping out of the Euro would make that a much stronger currency (Spain and Portugal would have to follow as a consequence) but whether that can happen either politically or economically is moot.
In summary RRS is a fairly solid short term short with tail winds from lower gold in Sterling terms, whilst they NYSE listing GOLD also looking good. The latter also has the benefit of ignoring Sterling binary situations, though on the flip side it has less far to fall.|
|back in for a trade :-)|
|I profusely apologise for my hubby's behaviour.|
|Only a complete idiot wouldn't have a decent proportion of their wealth in gold and gold miners.
Just a little patience is required, that's all. Scoop up as many as you can at £56 and then wait.|
|Thank you for the continuing entertainment Professor The Full Omelette !|
|to match the egg some have on theirs this morning|
|When this hits £100 next summer, there will be some here with a very large amount of egg on their faces.|
|Thanks dlewis its incredible the way its falling today as you say £48 may be the time to buy.|
|Hahaha - Bring back Renzi. What a circus this all is|
|Blueball it's got to stop falling sooner than later. It's been falling since September non stop. One day blue and 4 days red. I've been buying on the dips keep saying it wouldn't go lower. I'm keeping an eye on it and watching to see if £55 holds before I buy more. If it doesn't I'll watch for the £48|
|£56 to buy now who would have believed it.|
|No problems for me. I just keep accumulating RRS on every dip.
Another 100 tucked away this morning.|